Saturday, 21st November 2009

 

Credit Suisse taps UBS for head of private banking in Zurich

Credit Suisse has hired Paul Arni from UBS as its new head of private banking for Zurich and the region around the Swiss city.

Arni will start in his new role in February next year. He replaces Christoph Mauchle, who has been transferred to a new role within Credit Suisse, according to a statement from the bank.

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

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